Employers Frequently Use ______________ Tests to Help Them Select Employees

question 23

Multiple Choice

Employers frequently use ______________ tests to help them select employees who are likely to succeed at their jobs.

• A) reaction time
• B) personality
• C) mental health
• D) stress

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Definitions:

Absorption Costing

An approach to accounting that integrates all costs associated with manufacturing - including direct materials, direct labor, and overhead costs, no matter if they are variable or fixed, into the final cost of a product.

Variable Costing

A bookkeeping technique that incorporates only variable production expenses, such as direct materials, direct labor, and variable manufacturing costs, into the cost of products, while omitting fixed overhead.

Manufacturing Company

A company engaged in the conversion of raw materials into finished goods on a large scale, using labor, machines, and chemicals processes.

Contribution Margin

The difference between sales revenue and variable costs of goods sold, indicating the amount available to cover fixed costs and generate profit.